Charlie Munger Once Spoke About Mrs. B — The Matriarch Who Even Buffett Admitted Outshone Him In Wisdom: She Built A Successful Business That Made Her Filthy Rich With A $500 Loan And Hard Work

Berkshire Hathaway’s legendary late vice chairman, Charlie Munger, has repeatedly lauded the entrepreneurial prowess of late Rose “Mrs. B” Blumkin, the founder of Nebraska Furniture Mart.

What Happened: Blumkin established Nebraska Furniture Mart in 1937, which later evolved into one of North America’s largest home furnishing stores. Berkshire Hathaway purchased Nebraska Furniture Mart in 1983.

Both Munger and Warren Buffett have frequently spoken about Blumkin’s influence on the company’s culture and philosophy.

In a 2017 interview, Munger fondly remembered her and said that despite her inability to read or write in English, she could perform complex mental arithmetic.

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Munger also shared a light-hearted story ...

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